Housing market information originating from the Multiple Listing Service (MLS) has long been recognized as the most reliable and comprehensive data available for those looking to buy or sell a home.
Metro Vancouver’s housing market remained balanced in January amid growing signs of a strong sellers’ market returning with high demand in larger centres.
The whole process, from searching for the perfect home in the right neighbourhood, to finally moving and settling in, is one that requires many decisions along the way.
Two housing market shifts encourage potential homebuyers to call real estate agents: drops in housing prices and low interest rates. But deciding which factor is more important than the other can make a difference in monthly payments, the ability to move if your home value drops and HOA fees.
Your house is for sale for $350,000, and you’re confident it’s well-priced. You get an offer, but it’s for $300,000, and you’re stunned and disappointed by how low it is.
That seller might still end up with an acceptable sale price. The key is being ready.
If you’ve decided to buy a house, you may be wondering where to begin — find a real estate agent? Go to open houses? You’ll have to juggle a number of tasks simultaneously, ranging from the fun to the tedious. The preview below will alert you what’s ahead and link you to other key information.
The Bank of Montreal cut its special five-year fixed rate mortgage by 20 basis points Wednesday, bringing it down to 3.59% from 3.79%.
BMO said in a statement that the move was an effort to provide potential home buyers an incentive as the fall season rolls around.
Most potential homebuyers are a smidge daunted by the fact that they’re about to agree to a hefty mortgage that they’ll be paying for the next few decades. The best way to relieve that anxiety is to be confident you’re purchasing the best home at a price you can afford with the most favorable financing. These seven steps will help you make smart decisions about your biggest purchase.